About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

FSB Publishes Cyber Lexicon in Response to G20 Request

Subscribe to our newsletter

The Financial Stability Board (FSB) has published a Cyber Lexicon comprising a set of about 50 core terms related to cyber security and cyber resilience in the financial sector. The lexicon is a result of industry consultation and is designed to support the work of the FSB, standard-setting bodies, authorities, financial institutions and international standards organisations to address financial sector cyber resilience.

The FSB suggests the lexicon could be useful in areas such as cross-sector understanding of cyber security and cyber resilience terminology, work to assess and monitor financial stability risks of cyber risk scenarios, information sharing, and work by the FSB and standard-setting bodies to provide guidance related to cyber security and cyber resilience, including identifying effective practices.

For example, the Cyber Lexicon will be used to support work on an FSB project developing effective practices relating to a financial institution’s response to, and recovery from, a cyber incident. A progress report on this project will be published by mid-2019.

The FSB has developed the lexicon in response to a request from G20 Finance Ministers and Central Bank Governors at their October 2017 meeting. The lexicon will be delivered to the G20 Leaders’ Summit in Buenos Aires later this month.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Solvency II Update: Are we effectively meeting the regulatory data requirement?

Nine months on from the January 2016 Solvency II compliance deadline, insurance firms and asset managers should have satisfactory responses to the regulation in place. But how effectively are they meeting the regulatory data requirement for the look-through and reporting elements of the regulation, and how best can they achieve not only compliance, but also...

BLOG

Diginex Labour Rights Expert Acquisition Highlights ESG Data Shift to Risk

Sustainability data and RegTech provider Diginex’s recent acquisition of The Remedy Project labour and human rights advisory illustrates how ESG is transforming from an investment strategy to a risk mitigation objective among financial companies. The London-based company, which last year purchased sustainability data and analytics provider Matter DK, anticipates that the The Remedy Project’s expertise...

EVENT

AI in Capital Markets Summit London

Now in its 3rd year, the AI in Capital Markets Summit returns with a focus on the practicalities of onboarding AI enterprise wide for business value creation. Whilst AI offers huge potential to revolutionise capital markets operations many are struggling to move beyond pilot phase to generate substantial value from AI.

GUIDE

FRTB Special Report

FRTB is one of the most sweeping and transformative pieces of regulation to hit the financial markets in the last two decades. With the deadline confirmed as January 2022, this Special Report provides a detailed insight into exactly what the data requirements are for FRTB in its latest (and final) incarnation, and explores what needs to be done in order to meet these needs on a cost-effective and company-wide basis.